Greater Manchester-based Archbold Logistics saw its pre-tax profit quadruple in 2021 aided by the company’s “significant” investment in its fleet and staff and its focus on delivering a high quality service across multiple sectors. The logistics…
Inflation, weakening demand, social instability and the war in Ukraine are leading to tumultuous developments in road freight prices, according to the Road Freight Rate Benchmark for Q2 2022. Against this backdrop, rates on routes between France…
Logistics and supply chain solutions provider PML has appointed Iain Bruce (pictured) as its new finance director. Bruce has held a number of senior financial positions within high profile companies including McLaren, Johnson & Johnson and P…
Pall-Ex Group has purchased 66 trucks from lease supplier Ryder with rapid support from Metro Bank. The deal, one of the bank’s largest asset finance deals, involved securing terms for in excess of £4m of finance at near 100% loan to value on th…
West Midlands haulier Adam Jones and Sons collapsed into administration and closed down after racking up losses of more than £450,000 due to the Covid-19 pandemic, according to insolvency experts. The Halesowen business was forced to appoint adm…
High inflation, the cost of living crisis and a fall in demand for Covid-19 test kits have seen Royal Mail’s total parcel volumes plummet, with the company currently losing £1m a day, according to Keith Williams, chair of Royal Mail. In its late…
UK and European logistics firm Arcese UK benefitted from the post-Brexit trading environment last year, with demand rising for its customs clearance services. It meant that the company returned to the black with a £629,000 pre-tax profit (£1.3m …
DX Group said revenue for the year ending 2 July 2022 would be 11% ahead of last year, with its overall performance expected to be significantly ahead of management targets. In a trading update, the parcel courier and logistics company said turn…
Political and business leaders met at the Transport for the North (TfN) board meeting last week to discuss how it will continue to act with “one voice” for the North. Priorities for the year ahead include taking forward work to update the north’…
Europa Worldwide Group’s chief executive said the company’s turnover had hit the £300m target and it aimed to achieve £400m by the end of 2023. At a recent staff conference, the group outlined its growth plan, which included new global sites and…
DX Group has entered an 11th hour battle to keep its shares listed on AIM after they were temporarily suspended from the trading platform in January this year, following the company’s failure to publish its annual audited results. The company ha…
McColl’s has been rescued out of administration by Morrisons after it beat off a rival offer for the convenience store and newsagent chain. The deal means all 16,000 staff will transfer over to Morrisons, along with 1,100 shops, and the supermar…
Cheshire-based Boughey Distribution has appointed Alex Hall (pictured) as its new finance director. He joins from GXO Logistics and takes over following the retirement of Ian Sherratt who has held the post for the last 10 years. Hall will lead t…
A lightweight steering system for HGVs, which reduces tyre wear and carbon emissions, is one of 51 projects awarded government funding to help create a more efficient transport system. The transport research and innovation grant (TRIG) programme…